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MOSAID Sells Selected Patents to SAtech Group A.B. Limited Liability Company
OTTAWA, Ontario – April 30, 2008 - MOSAID Technologies Inc. (TSX:MSD) today announced that it has completed the sale of 19 patent families, comprised of U.S. patents and applications and corresponding foreign counterparts, to SAtech Group A.B. Limited Liability Company for net proceeds of approximately US$2.0 million. The patents are unrelated to MOSAID's two core licensing programs. MOSAID retains a worldwide, non-exclusive, royalty free license under the patents.
About MOSAID
MOSAID Technologies Inc. is one of the world’s leading intellectual property companies. MOSAID develops semiconductor memory technology and licenses patented intellectual property in the areas of semiconductors, and wired and wireless communications systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario.
For more information, visit www.mosaid.com.
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